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Abu Dhabi summit to discuss ports' issuesGlobal ports and key players in the shipping industry will be in Abu Dhabi next year at the third edition of the "World Ports & Trade Summit" to discuss the changing dynamics of seaborne trade development. The event More… |
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Global investors muscle in on big Gulf issuesInvestors from outside the Gulf have muscled in on two big bond issues from the region, taking very high portions of the debt on offer - a sign of international confidence in the region, but a source of frustration for some locals who wanted to bu More… |
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Dubai mall developer plans $500m 7-year bondDubai-based mall developer Majid Al Futtaim (MAF) Holding plans to price a $500 million seven-year bond, according to the arranging banks. The bond will price at 5.25, at the tighter end of the range indicated earlier on Wednesday, si More… |
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Security major issue after Nayef deathSaudi Arabia is under pressure to quickly choose a replacement for the late Crown Prince Nayef, who was heir to the kingdom's throne and its security chief, as it confronts rivalries and turmoil across the Middle East. While defence mi More… |
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Experts to probe major intrapreneurship issuesThe Firm, an international private members networking organisation for business development and intrapreneurship, is hosting a two-day 'Global Intrapreneurship Forum 2012,' in Bahrain starting from today. It is being held at the More… |
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Nizwa attracts record $1.77bn in IPOOmani lender Bank Nizwa, the Sultanate's first Islamic bank, attracted RO681 million ($1.77 billion) of bids in its initial public offer of shares, 11 times the sum which it was raising, the lead manager for the IPO said on Saturday. T More… |
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Mena IPO values grow three-fold in Q1The capital markets in the Mena region raised $82.8 million in the first quarter of 2012, registering a more than three-fold jump compared to $21.7 million raised in the same period last year, said a report. However, this was only 37 per c More… |
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Nakheel plans creditor sukuk issueDubai property developer Nakheel plans to issue the second tranche of its Dh4.8 billion ($1.31 billion) Islamic bond (sukuk), to trade creditors by the end of April, the company's chairman said on Wednesday. The first portion of More… |
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Experts to discuss Saudi housing issueLeading real estate experts from the region will be in Saudi Arabia this week for a key round table that will discuss the Kingdom’s affordable housing issues and also ways to tackle the problem. Lack of supply of affordable homes is a conc More… |
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Foreign groups shut 'over UAE licence issues'The UAE said licensing irregularities were behind the closure of 'some foreign institutions' in the Gulf state, a week after two Western pro-democracy groups were told to shut their offices there. The US-funded National Democratic More… |
